Today’s Sunday Times talk about Business investment trust in which it was found to be attractive to investors looking for dividends. I am always very fascinated by the idea of high dividend yield play. I know of even financial advisers advising clients to do that without knowing what they are talking about. There was this person who was quoted as saying, “The yield was the main factor,” said … [Read more...]
You are viewing articles categorised under Tragic Stories
Most people do not realised the importance of financial planning until it is too late. These articles were specifically written to highlight the importance of financial planning.
Girl,11, molested by uncle 20 times. This can happen to your daughter
According to a Straits Times article Coach driver molested niece when she was 11, it was reported that the girl’s uncle molested her 20 times. She did not dare to report it earlier due to out of fear. Of course, this can happen even for young boys as well. Sometime, the greatest enemy turns out to be a relative. This highlights the fact that young children are extremely vulnerable. First, for … [Read more...]
Commentary on “Four child corpses found buried under Chinese bridge”
There is an article entitled “Four child corpses found buried under Chinese bridge” published by Asiaone dated 7 February 2012. The link can be found HERE The following are my comments with regard to that article: Children are extremely vulnerable. They are physically weaker than adults; mentally and emotionally vulnerable. They do not know their rights. Even they know their rights, they may … [Read more...]
CPF Nomination ends up with Official Assignee due to poor financial planning
Central Provident Fund (CPF) monies bequeathed to a bankrupt by a deceased member stands to be seized by the Official Assignee (OA). This is the verdict by the Court of Appeal in the case ofLim Lye Hiang v Official Assignee (Singapore Law Watch). The Straits Times carried the same story available from CPF’s IM$avvy link: HERE. Last year, I wrote a blog on this sad story (available from this … [Read more...]
Four mentally incapacitated adults found abused in dungeon
The Philadelphia Police arrested three suspects for kidnapping, aggravated assault, false imprisonment and unlawful restraint after four mentally incapacitated adults were discovered in a dungeon. The adult victims were said to have only the mental capacity of 10-year olds. It was reported that these victims were falsely imprisoned so as to be robbed of their social security disability … [Read more...]
Patients’ Last Days in Ignorance
Straits Times article entitled Strong family hand in patients' last days published on 5 September 2011 provides us with various issues faced by persons in their last days. According to a study “What Doctors Say about Care of the Dying,” it was found that family members tend to play a significant role in the patients’ last days even to the extent of denying the dying the right to settle their … [Read more...]
Husband died leaving spouse with no home, no money ; DIY video Will invalid
There is an article on 30 April 2011 Straits Times page D2 entitled “In sickness & in death” on the predicament suffered by foreign brides when their Singaporean husbands died. In that story was a Chinese national by name of Madam Xiao Huxian whose Singaporean husband died of lung cancer. He left behind Madam Xiao, Jiabao who is their only Down Syndrome son and his 25-years old daughter from … [Read more...]
Early stage lung cancer becomes 4th stage due to delay
Read today's (21 April 2011) Mind Your Body page 18 entitled "Time difference" written by Dr. Ang Peng Tiam on how one of his patient's early stage lung cancer ended up becoming fourth stage. If it was an early stage, a surgery would do. But as fourth stage, the treatment would have to be either chemotherapy or 'do nothing and wait his time.' In hokkien, it is called 'ta-si'. Due to the advance … [Read more...]
Ex-Kim Eng Dealer to pay up $1.3m
In the article, Court rules dealer liable to indemnify Kim Eng , the High Court ruled that the former dealer of Kim Eng, Karen Goh deem her liable to indemnify the brokerage for any and all losses incurred by her clients. Thus, she has to pay up $1.3m to brokerage firm in addition to the $1m she already paid in February 2009. This is a reminder of the importance of asset protection especially … [Read more...]
DIY estate planning became a big mess, ends up in High Court (Koh Cheong Heng v Ho Yee Fong 2011)
Mr. Koh Cheong Heng did a DIY estate plan by transferring his sole ownership of a HDB to one of joint-tenant with his wife on 8 August 2006. Then, he thought that he was going to die and was concerned that his wife will have no place to stay. But later on, his health drastically improved but his wife’s health unexpectedly became much worst than his. In the meantime, he had second thoughts about … [Read more...]
